https://www.taxtmi.com/highlights?id=27215 Addition on non confirmation of advances by the parties - It is true that in the absence of proper confirmations, the Assessing officer was justified in treating the amount in question as unexplained cash credits. The onus was on the assessee to prove the genuineness of the transactions. - AT en-us Fri, 05 Feb 2016 13:41:16 +0530 Fri, 05 Feb 2016 13:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27215 Addition on non confirmation of advances by the parties - It is true that in the absence of proper confirmations, the Assessing officer was justified in treating the amount in question as unexplained cash credits. The onus was on the assessee to prove the genuineness of the transactions. - AT Highlights Income Tax Fri, 05 Feb 2016 13:41:16 +0530 https://www.taxtmi.com/highlights?id=27215